Yes, it did. A correction was likely after the large gains we've had. Big moves such as these rarely taper off gradually before going a little beyond reality. Optimism will carry things a little too far, and the market corrects. That's what happened.

But the numbers are irrefutable. The Dow Jones was in the 18,000's on election day, and ended Friday a little over 25,500. So even with the correction, the market is still way up.